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TRUCKMAKERS' NEWS * WORLDWIDE
* USA - Nav-Cat alliance seeks major Chinese merger
Chicago,ILL,USA -Today's Trucking (CAN) -29 Sept 2009: -- Caterpillar and Navistar's global alliance is looking to make a big footprint in China and is talking to Chinese automaker with Anhui Jianghuai Automobile to build and sell commercial trucks in that part of the world... NC2 Global LLC, which is owned by Caterpillar and Navistar, said that talks are under way to establish a jointly owned operation for medium and heavy-duty trucks, according to Dow Jones Newswires... JAC sold about 10,000 medium and heavy-duty trucks in 2008, along with 100,000 light-duty trucks and some 45,000 sport utility vehicles and cars... For Caterpillar, the venture would be an opportunity to expand its existing manufacturing and distribution network in China for engines and construction machinery, while for Navistar, the deal signifies its first significant step in that market... (Photo from JAC catalogue)* China - Market edges down, but JAC go up
Shanghai,China -The Shanghai Daily, by Ding Yining -29 Sept 2009: ... Shanghai's key stock index closed lower today, with steel producers dropping and investors uncertain of the market ahead of the long National Day's holiday... Anhui Jianghuai Automobile Co, the Chinese truck maker, increased 1.01 percent to 8.04 yuan after it said it will own a 50-percent stake in a 2-billion-yuan joint venture with Caterpillar Inc and Navistar International Corp...
* USA - Freightliner to stay open in Portland
Portland,OR,USA -KGW TV -September 28, 2009: -- A truck factory scheduled for closure in Portland is getting a second chance... Daimler Trucks North America informed employees Monday it will keep the Swan Island Freightliner-Western Star truck manufacturing plant open after a big military contract came in... The cuts at Daimler Trucks North America were originally part of a restructuring plan as the German automotive company expected to shed 9 percent of the workforce at its heavy truck division last fall... (Photo: Freightliner plant saved)* USA - Peterbilt to Permanently Close Tennessee Truck Assembly Plant
Denton,TX,USA -Business Wire -September 28, 2009: -- Peterbilt Motors Company announced today it is realigning its North American manufacturing operations which will result in the permanent closure of its Madison, Tennessee truck assembly plant, effective December 1, 2009. Production of Peterbilt vehicles will continue at other facilities. The Madison plant has not built trucks since July 2008... “This was a difficult, but necessary decision,” said Bill Jackson, Peterbilt General Manager... (Photo from truckswallpapers: 2008/09 Peterbilt)
* Russia - IzhAvto looks to state conglomerate for help
Moscow,Russia -just-auto.com (UK) -29 September 2009: -- Russian carmaker IzhAvto is in talks with state-owned Rostekhnologii on becoming part of the industrial conglomerate's Rosavto automobile holding, according to business daily Vedomosti... The newspaper cited Oleg Radionov, Industry Minister of the constituent republic of Udmurtia where IzhAvto is based. Rostekhnologii plans to transfer its auto assets, including 25% in the country's largest carmaker AvtoVAZ, and 37.8% in truck maker Kamaz, into Rosavto... Earlier this month, IzhAvto was declared bankrupt...
Labels: truckmakers' news worldwide
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